W07 Journal

This week I have learnt from the study materials that most people don’t listen with an intent to understand – they listen with the intent to reply. They are either speaking or preparing to speak. They see others through the lens of their own autobiographies. The key to understanding another person is empathetic listening – really trying to understand everything (including the nonverbal signals) the other person is communicating. You listen for feeling and for meaning, for behavior and other signals. You are totally focused on the other person’s point of view, not projecting your own life’s story into their words. 

When you communicate synergistically, you are opening your mind and heart to new possibilities, new alternatives and new options. You create something entirely new that is better than you ever thought it could be. This is the very essence of team spirit.

This requires a high level of both trust and cooperation amongst all participants. In fact, mutual trust is a key. If trust is low, the activity is dominated by legal jargon in order to protect everyone’s interests. In a medium level of trust, there is respectful communication with polite intellectual compromises in effect.

W06 Reflection

This week I enjoyed watching the video Loyalty to God and Family by Jan Newman. We have to be specific about what we want to achieve in the future. Jan Newman taught me that family and church must come first if we want God’s blessings and that we must be willing to fulfill any calling from the church to be a light to the world by our example. If you want to be an entrepreneur, follow the commandments of God that he will always bless you. I know that our family is the pivot of all things we do especially being an entrepreneur is not that easy so we have to be surrounded by our family’s help, courage and love to keep going through challenges.

As from the video Entrepreneur and Family  Steve Blank said: “we spent weekends with our kids. Though half a day on Saturday they went to work with me, but the other parts of the weekends were theirs. I have a whole list of what I did to preserve my family on the steveblank.com site under the “epitaph for an entrepreneur” which actually truly meant that. But, just to summarize Thomas, you got to make the rules or the startups will take over your life and you’re going to be maybe successful but quite lonely”.

So You Want to Be an Entrepreneur? I know then to become entrepreneur is personal choice, some they born to do business, some they need to learn from other to become businessperson and some they develop the ability to become business people at school. It is something to follow your small voice, it is a calling. It is different way to become business; you can start in consulting, sales and … It is a choice When you get in that point, the next step is to look at what you can Mastery and apply for to develop and grow. Learning is the key to become Master and never stop learning.

W05 Journal

         As I read and watched the videos assigned this week I noticed a popular theme among them of having perseverance to become successful in your entrepreneurial calling. According to the Webster Dictionary, perseverance is steadfastness in doing something despite difficulty or delay in achieving success. 

Mills benefitted by listening to others and making positive changes to make her customers happy. I also think that by listening to others she was given more confidence which led her to take more risks and slowly grow and expand. I also believe she should hire people and speed up the growth of her business, by starting with marketing and then work to make more designs and get then get an accountant to help her balance the budget. 

By listening to those around her helped her to find what people did and did not want. Her husband also gave her the confidence she needed to expand her business and do well. I would also choose the fast growth because I think she has the talent and abilities to do so and she will mastered how to run her business at a faster pace for at least a year. She should be ready to take the risk and jump into the fast lane. I would also start the faster growth with marketing and sales because this is really where her business is going to make it or break into quality and quantity. If she can advertise her cards enough she will have people coming to her and she will then just have to worry about supply and demand.

W 04 Reflection

     The Business model of Heather was a great source of learning and such a great example about we can work in our business plan. She was a smart woman and she was able to create her business plan from scratch with the knowledge and experience she had working for others. I like the fact that she thought in everything. She used great sources, informative and numeric and it was expressed in her model. I liked the fact that she loved the target and she detected a unattended niche. She also was looking for financing. She was a great insight of her company.

    In the HMM assignment I learned a lot about Business model. I learned all that we need to create our own business model starting from the sources we can use, the executive summary, the description and selection of our team, the marketing analysis and the marketing plan. We also learned from the owner of Virgin some common mistakes that entrepreneur just to make and how we can avoid them. All these examples were helpful to create my own business model for my ideas.

    In the action hero we learned about Paul Robshaw, who was a man in the real state business. He inherited this knowledge from his father, but not the company. We learned that even though that guy suffered a lot when he faced bankruptcy and divorce, he always was loyal to his core values. 

    $100 Challenge: this week I worked in the analysis of my project, including studying the market, target and even finances. I worked on my business plan, including my marketing plan as well. It was such a great plan and I’m so excited about working on this.

 

Honesty & Business Ethics

 I have learnt that as entrepreneur, we ought to be ourselves by doing something different. It implicates that we are becoming creative when we try new things. We must be optimist as entrepreneur of obtaining great result in all that we do. Learning to be risks takers and never abandon easily when we face obstacles. Successful entrepreneur most ends up to have the ability to take calculated risks. An entrepreneur has to be very detail orientated and goal driven. This person is responsible for everything that happens with and in the company, so he should be very organized. Another very important characteristic of a good entrepreneur is the ability to accept failure and to learn from them. No one that opens a business is going to get everything right. That person has to work hard to correct mistakes and learn not do it again.

I want to share my insights from watching Ken Zolot video. Ken encourages us to be accountable to everyone and everything that we come in contact with. We need to assist everyone that we come in contact with and be reliable for people. As entrepreneur and job creator, we need to get the chance to impact people's lives. We need to make sure what we do is adopted toward the people we care. If we do this then we become successful.